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QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

Mar04
by on March 4, 2019 at 12:15 pm
Posted In: Around the Web, cryptocurrency, Hard Fork


Following weeks of speculation, QuadrigaCX’s court-appointed auditor has finally revealed the addresses for the struggling cryptocurrency exchange’s offline Bitcoin wallets. According to EY, which published its third report into the investigation on Friday, the cold storage wallets are empty – aside from a transfer of $400,000 worth in Bitcoin which was inadvertently sent last month – meaning $100 million in user funds continues to be unaccounted for. The news comes after the exchange said in January that it owed customers approximately $134 million worth of cryptocurrency. At the time, the exchange noted it had lost access to the funds as…

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a couple of laughzillas on a blue diamond background

QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

Mar04
by on March 4, 2019 at 12:15 pm
Posted In: Around the Web, cryptocurrency, Hard Fork


Following weeks of speculation, QuadrigaCX’s court-appointed auditor has finally revealed the addresses for the struggling cryptocurrency exchange’s offline Bitcoin wallets. According to EY, which published its third report into the investigation on Friday, the cold storage wallets are empty – aside from a transfer of $400,000 worth in Bitcoin which was inadvertently sent last month – meaning $100 million in user funds continues to be unaccounted for. The news comes after the exchange said in January that it owed customers approximately $134 million worth of cryptocurrency. At the time, the exchange noted it had lost access to the funds as…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

Moonday Mornings: Banks hate Malta, crypto CEO crashes Lambo

Mar04
by on March 4, 2019 at 9:49 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


It’s Monday, which means it’s time for a roundup of the weekend’s cryptocurrency and blockchain news. Here’s Moonday Mornings. 1. Japan’s Financial Services Agency is reporting a 36 percent drop in the number of cryptocurrency related inquiries in the fourth quarter of 2018 compared to the previous quarter, Brave New Coin reports. This is despite the recent news that cases of cryptocurrency related money laundering had increased dramatically in 2018 over 2017. Reports state this is to be expected in a cryptocurrency bear market, as on the other hand, the number of inquiries into legacy financial systems has remained consistent.…

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No, scooters are not a good replacement for public transport

Mar04
by on March 4, 2019 at 9:40 am
Posted In: Around the Web


Tech, we’re told, would save us. With the specter of global warming looming menacingly upon the horizon, the brightest and best minds would come up with silver-bullet solutions. That’s what we were told. Instead, we got Uber and Bird. Last night, I stumbled across an interesting analysis of open data relating to scooter sharing companies operating in Lousiville, Kentucky. The Derby City has proven to be an ideal testing ground for the likes of Lime and Bird thanks to the city’s low-regulation, pro-business politics, as well as the absence of a comprehensive public transit system, making a “last mile” transportation…

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PSA: Don’t give out your phone number for Facebook 2FA, use an app instead

Mar04
by on March 4, 2019 at 9:04 am
Posted In: Around the Web


It’s no secret that Facebook doesn’t respect your privacy in the least: we learned last October that the company  used the phone number you provided for two-factor authentication to enable advertisers to target you. Last week, Emojipedia’s Jeremy Burge highlighted in a tweet that if the social network has your number, it allows everyone on its platform to look you up with it by default – and you can’t turn that off. That’s just all kinds of shitty, as security researcher and New York Times columnist Zeynep Tufekci pointed out: Yep. I can no longer keep keep private the phone…

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Or just read more coverage about: Facebook

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